Dynegy Inc. (DYN) Shares Up 3.5%
Shares of Dynegy Inc. (NYSE:DYN) shot up 3.5% during trading on Monday . The company traded as high as $17.77 and last traded at $17.72, with a volume of 1,419,640 shares traded. The stock had previously closed at $17.12.
Several analysts recently issued reports on the company. Zacks Investment Research cut Dynegy from a “hold” rating to a “sell” rating in a research report on Wednesday, April 20th. Deutsche Bank AG reiterated a “buy” rating and set a $21.00 target price on shares of Dynegy in a research report on Friday, June 17th. Citigroup Inc. cut Dynegy from a “buy” rating to a “neutral” rating and increased their target price for the stock from $20.00 to $21.00 in a research report on Friday, June 10th. Barclays PLC increased their target price on Dynegy from $20.00 to $24.00 and gave the stock an “overweight” rating in a research report on Friday, May 20th. Finally, Ladenburg Thalmann assumed coverage on Dynegy in a research report on Friday, April 8th. They set a “buy” rating for the company. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $28.38.
The company has a market capitalization of $2.10 billion and a price-to-earnings ratio of 11.26. The stock’s 50 day moving average is $17.75 and its 200-day moving average is $14.55.
Dynegy (NYSE:DYN) last issued its quarterly earnings data on Tuesday, May 3rd. The company reported ($0.13) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.46) by $0.33. The company earned $1.12 billion during the quarter, compared to analyst estimates of $1,000 million. On average, equities research analysts predict that Dynegy Inc. will post ($1.19) earnings per share for the current fiscal year.
Several institutional investors have made changes to their positions in the stock. Dimensional Fund Advisors LP raised its position in shares of Dynegy by 21.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,345,119 shares of the company’s stock valued at $18,020,000 after buying an additional 235,502 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of Dynegy by 9.4% in the fourth quarter. Victory Capital Management Inc. now owns 778,019 shares of the company’s stock valued at $10,425,000 after buying an additional 66,780 shares in the last quarter. Quantitative Investment Management LLC acquired a new position in shares of Dynegy during the fourth quarter valued at $2,260,000. Finally, Rhumbline Advisers raised its position in shares of Dynegy by 2.0% in the fourth quarter. Rhumbline Advisers now owns 172,357 shares of the company’s stock valued at $2,310,000 after buying an additional 3,415 shares in the last quarter.
Dynegy Inc (Dynegy) is a holding company and conducts the business operations through its subsidiaries. The primary business of Dynegy is the production and sale of electric energy, capacity and ancillary services from the fleet of 18 operating power plants in six states totaling approximately 12,300 megawatt (MW) of generating capacity.
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